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Executive
summary
Five-year
financial review
Board
of directors
Executive management committee
Statement
of responsibilities and approval Report
of the independent auditors Report
of the audit committee Statement
by company secretary Directors'
report ► Balance
sheets Income
statements Cash
flow statements Statements
of changes in equity Notes
Organisational structure
Vision, values and strategic objectives
Southern Africa grid map Key
statistics
Comparison to international power companies
Eskom statistical overview
Power stations in commission
Environmental implications
Transmission and distribution equipment in service
Sales of electricity to categories of customers
Net revenue per category of customer
Introduction ► Focus
on the customer ► Management
of human resources ► Socio
economic ► Safety and environment ► Economic
► Research,
development and demonstration ► Required statutory information ►
Western Cape electricity supply
Capacity planning and management
Maintenance
Customer satisfaction
Broadening the electricity industry
Technical performance
Human Resources sustainability
index Human
resources shared services Change
management People
development Employee
relations Remuneration
and benefits Health
and wellness
Occupational hygiene and safety risk management
Environmental management system
Energy purchases and resources management
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| Routine maintenance at Palmiet pumped storage station |
Scope of report
This annual report, which covers the 12-month period from 1 April 2005 to 31 March 2006, is an integrated sustainability report based on a balance of economic, environmental, social and technical performance.Comparative information reflects the 15-month period from 1 January 2004 to 31 March 2005 as Eskom changed its financial year end from December to March at the request of its shareholder. This makes comparability of results difficult. Where possible and practical, performance information for the 12-month comparable period ended 31 March 2004 or the 12 months ended 31 March 2005 has been included to enable meaningful comparisons with a similar period.
Eskom is committed to aligning itself with international sustainability reporting initiatives.
Nature of business, major products and services
Eskom is a vertically integrated operation that generates, transmits and distributes electricity to industrial, mining, commercial, agricultural, redistributors and residential customers, as well as the purchase and sale of electricity from and to Southern African Development Community (SADC) countries.Eskom is regulated under licences granted by the National Electricity Regulator (NER)1 in terms of the Electricity Act, 41 of 1987 and the National Nuclear Regulator in terms of the National Nuclear Regulatory Act, 47 of 1999.
Through its subsidiary Eskom Enterprises (Pty) Limited, Eskom also undertakes non-regulated activities related to the energy and electricity supply industry, including the provision of electricity-related services to African countries connected to the South African grid and the rest of Africa. Eskom’s core markets are, in order of priority, South Africa, SADC and then the rest of Africa.
The core businesses of other subsidiaries, Eskom Finance Company (Pty) Limited, Escap Limited and Gallium Insurance Company Limited include granting home loans to employees and the management and insurance of relevant risks to Eskom. The mortgage book of Eskom Finance Company was largely securitised after year end and Eskom will dispose of the company in the next financial year. Eskom’s corporate social investment is mainly carried out through the Eskom Development Foundation, a section 21 company.
Countries in which operations are located
The operations of Eskom are located in South Africa. Eskom Enterprises has subsidiaries on the African continent, with its head office in Johannesburg, South Africa, and other offices in Uganda, Nigeria, Mali, Mozambique, Zambia and Lesotho.Regional breakdown of sales
The majority of sales are in South Africa, with only a small percentage of sales elsewhere in the southern African region. Refer to financial statementsnote 5.
1. Changed to National Energy Regulator of South Africa (Nersa) effective 1 April 2006.
